Kemal Cenk Erdem Arrested for Terrorism Financing and Laundering Crimes

Within the scope of the investigation carried out by the Istanbul Terrorism Financing and Laundering Crimes Investigation Bureau, Kemal Cenk Erdem was referred to the Istanbul Criminal Court of Peace with a request for arrest.

The judgeship decided to arrest Erdem.

THE JUDGE'S ATTENTION WAS DRAWN TO THE FINANCIAL CONNECTIONS BETWEEN DİNAMIKPAY, BITEXEN AND ERDEM

In the judge's decision, it was stated that Kemal Cenk Erdem did not appear as a direct shareholder, board member or representative in the trade registry of Dynamic Electronic Money and Payment Services Inc. Bitexen Crypto Asset Purchase and Sale Platform A.Ş., Evenpal Technology A.Ş., where Erdem is the wife of Ayşin Erdem, the founder of the company and the sole shareholder and controlling partner for a long time. and KCE Financial Technology Investments Inc. It was noted that there were partnerships and company connections with.

In the decision, it was also stated that money movements linked to Bitexen and Kemal Cenk Erdem were detected among the capital resources of DemokratPay and Dynamic Investment, and that there were two-way financial movements between Ayşin Erdem and Erdem amounting to approximately 100 million TL.

In the decision, it was stated that Erdem was shown as an influential person in the actual management and financial decision mechanism of the group of companies in the statements within the scope of the file, and therefore, it was noted that evaluating Erdem only as "Ayşin Erdem's wife" was not compatible with the findings in the file.

It was stated that by evaluating the existing financial records, company connections and compatible statement contents together, the judgeship came to the conclusion that there were findings and indications that would require a detailed investigation against Erdem in terms of the crimes of intermediating the transfer of money related to illegal betting and laundering the assets resulting from crime.

Erdem, in his defense before the judge, did not accept the accusations made against him and said, "I did not have any commercial activities with the company of which I am the chairman of the board of directors and the company in question. I demand my release."

The judge ruled that Kemal Cenk Erdem should be arrested, considering that there were facts indicating the existence of a strong suspicion of crime, that there were concrete facts regarding the suspicion of escape, that the evidence had not yet been completely collected, and that judicial control measures would be insufficient.